LOCK-1 Locker Room – What You Need To Know

We’re incredibly excited to announce that we’ve signed Fan Token partnership agreements with Aston Martin Cognizant F1 Team and Alfa Romeo Racing ORLEN! 

Here’s what you need to know: 

  • Each LOCK-1 token will convert to 2 x $SAUBER & 2 x $AM
  • For every LOCK-1 you hold, you will receive 2 x Fan Tokens per partner. For example, if you hold 10 LOCK-1, you will receive 20 x $SAUBER & 20 x $AM
  • At the point of distribution, each Fan Token will have a value of 50 CHZ
  • Fan Token distribution will be staggered per partner, and will all be distributed to Socios.com wallets by end of day Thursday 20th May 
  • Neither $SAUBER nor $AM will be tradeable at this time
  • Each partner will have a token supply of 10 million 
  • If you participated in the LOCK-1 Locker Room, you will receive a CHZ bonus of 10% of your stake. This will be credited to your Socios.com wallet by the end of day, Friday 21st May 2021 (CET). 

Please note, if you wish to transfer out your CHZ bonus, the withdrawal of CHZ is manually approved for security reasons. This process is in place as an added layer of security to protect our users and their assets. All withdrawal requests will be processed within 72 hours of application. 

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